Welcome to our dedicated page for Brinker Intl news (Ticker: EAT), a resource for investors and traders seeking the latest updates and insights on Brinker Intl stock.
Brinker International Inc (NYSE: EAT), parent company of Chili's® and Maggiano's Little Italy®, maintains this dedicated news hub for investors and industry observers. Access official press releases, financial updates, and strategic announcements from one of casual dining's most established operators.
This resource provides timely updates on earnings reports, leadership developments, and operational milestones. Track menu innovations, franchise expansions, and corporate initiatives that shape Brinker's position in the competitive restaurant sector. All content is sourced directly from company filings and authorized communications.
Key updates include quarterly financial results, partnership announcements, and operational efficiency initiatives. Subscribers receive alerts about dividend declarations, management changes, and brand development strategies. Bookmark this page for verified information on Brinker's growth trajectory and market performance.
Brinker International, Inc. (NYSE: EAT) has scheduled its earnings conference call for 10 a.m. ET on May 3, 2023, where it will review its third quarter fiscal 2023 earnings, to be announced prior to market opening on the same day. This call is critical for shareholders and analysts, as it may provide insights into the company's financial performance and operational updates. The live audio webcast will be accessible via Brinker's investor relations website, and a replay will be available for up to two weeks post-event.
Brinker, founded in 1975, operates over 1,600 restaurants globally under well-known brands like Chili's Grill & Bar and Maggiano's Little Italy.
Chili's Grill & Bar has launched a new marketing campaign for its '3 for Me' menu, featuring a collaboration with Grammy-nominated artist Brian McKnight. The campaign includes a remix of McKnight's hit song 'Back at One,' showcasing Chili's affordable dining options. The '3 for Me' deal offers unlimited drinks, chips, salsa, and a select entrée for just $10.99. In addition, Chili's is returning to TV advertising after a three-year hiatus, emphasizing value during economic challenges. The campaign aims to attract diners by providing a high-quality dining experience at a competitive price point, available for dine-in, to-go, or delivery.
Brinker International has appointed James Butler as Senior Vice President and Chief Supply Chain Officer. In this role, Butler will manage all supply chain functions including procurement and logistics for Brinker's corporate-owned restaurants. His previous experience includes a leadership position in KFC's supply chain at Restaurant Supply Chain Solutions and strategic roles at Georgia Pacific and Deloitte Consulting. CEO Kevin Hochman stated Butler's leadership will be crucial in executing the company's strategic initiatives aimed at enhancing core food categories to improve guest experiences.
Brinker International (NYSE: EAT) reported strong financial results for the second quarter of fiscal 2023, ending December 28, 2022. Company sales rose by 10.2% year-over-year to $1,009.4 million, with comparable restaurant sales increasing 9.7%. Maggiano's led with a 21.2% increase in comparable sales, while Chili's grew by 8.0%. The restaurant operating margin improved to 11.6%.
Net income per diluted share also experienced a modest rise, reaching $0.62. For the fiscal year, the company expects total revenues between $4.05 billion and $4.15 billion, with adjusted net income per diluted share projected between $2.60 and $2.90.
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